These days, work can happen anywhere, whether it be at a corporate or home office or in a cozy cafe with a public Wi-Fi network. Recent changes to people’s work dynamics have prompted employers to take extra care of their critical data and ramp up their protective measures.
Netskope is one solution working to help organizations stay ahead of various security challenges. The company operates a secure access service edge (SASE) solution to safeguard people and data against digital threats, network changes and shifts in technology. Netskope announced on Thursday a $401 million round of funding led by Morgan Stanley to expand its solution.
The news follows a nine-digit raise for Netskope back when the company was nearing decacorn status with a $7.5 billion valuation.
Last year was a year of significant growth for Santa Clara-based Netskope. The company grew its workforce to more than 2,500 team members spread across 40 countries. It also increased its global customer base to more than 2,400 customers spanning industries like healthcare, retail and manufacturing. Netskope’s clients include over a quarter of the Fortune 100 companies.
Netskope’s recent growth comes in part from a global rise in remote work and an increased usage of cloud environments. As the adoption of SASE speeds up, according to Netskope, it wants to help organizations unify data security architecture to more efficiently address networking challenges.
“Our vision from day one was that traditional network and security perimeters would transform, with users, data and devices moving outside the confines of corporate network perimeters and requiring a new approach to security,” Sanjay Beri, Netskope’s co-founder and CEO, said in a statement. “We have enabled enterprises everywhere to allow their users to be mobile, efficient and flexible while securing them and the data and applications they access, whether they are in the cloud, on the web or are private applications on-prem and beyond.”
With its hefty new funding round, Netskope plans to grow its tech and platform into new markets across the world. The capital will fuel product development and the expansion of its go-to-market activities.
Netskope is also continuing the expansion of its team. The company currently lists an array of jobs based in North America with openings spanning customer success, sales, engineering and more.
